Copper price needs new momentum – Forecast today – 19-3-2024
Economies.com
2024-03-19 05:04AM UTC
Copper price repeated its fluctuation below 4.1500 level recently without recording any new positive target, affected by stochastic attempt to exit the overbought areas, to form temporary sideways fluctuation.
Note that it is important to monitor the price behavior in case crawling towards the additional support at 4.0200, which its stability supports the chances of gaining the required additional positive momentum to achieve the next main target at 4.3000.
The expected trading range for today is between 4.0500 and 4.3000
Trend forecast: Bullish
Commodities News
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities Technical Analysis
Commodities
Natural gas price hits the first target – Forecast today – 9-5-2024
2024-05-09 05:53AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price formed new bullish waves ...
Commodities
Platinum price settles below the barrier – Forecast today – 9-5-2024
2024-05-09 05:40AM UTC
Platinum Price Analysis Expected Scenario Platinum price kept its stability below 983.00$ ...
Commodities
Copper price awaits the negative momentum – Forecast today – 9-5-2024
2024-05-09 05:39AM UTC
Copper price still lacks the negative momentum until this moment, to force it to postpone the ...